cryptogazette.com
Ripple’s digital asset has been booming lately and its price continues to amaze the crypto space. Some voices are even saying that XRP is gearing up to occupy the third spot on CoinMarketCap.
It’s been revealed that a popular analyst and trader is convinced that XRP is en route to reclaiming its place as the third-largest crypto by market cap.
XRP is racing towards the 3rd spot on CMC
In a new tweet, the trader known as Credible Crypto told his followers that XRP has ignited its long-awaited uptrend after taking out resistance at $0.56 and retesting it as support.
Red resistance region cleared, backtested nicely on the daily, looks good to go. $XRP you are cleared for takeoff 🚀 https://t.co/kbMxCz7O9V pic.twitter.com/FiClRUIkdp
— Credible Crypto (@CredibleCrypto) April 4, 2021
The online publication the Daily Hodl notes that just a few hours after Credible Crypto’s tweet, XRP launched a massive bull rally that catapulted Ripple’s native asset to a three-year high of $0.93.
Amidst the massive breakout, XRP now has the momentum to jump over Polkadot (DOT), Tether (USDT), and Binance Coin (BNB) and become the third-largest crypto asset by market cap, according to Credible.
“Lol just watch how quickly XRP makes it back to the top 3.”
It’s also important to note the fact that the analyst takes his bullish call a step further and says that it is within the realm of possibility for XRP to dislodge Ethereum as the second-largest crypto asset.
I don’t see why it wouldn’t be possible.
— Credible Crypto (@CredibleCrypto) April 5, 2021
At the moment of writing this article, XRP is trading in the green and the digital asset is priced at $0.9896.
Just the other day, it’s been reported that XRP has been able to score the highest weekly close, and the coin closed the week at $0.6349 – it’s important to note the fact that this level has not been seen in about 35 months.